In recent years, FinTech, driven by a combination of factors such as technological advances, financial deepening, and changing customer bases, has been growing rapidly in China, creating significant impact on traditional financial products, businesses, services, and organizational structure. This paper provides a systemic summary of China’s FinTech development on multiple dimensions including main business forms and technologies, focusing on the regulation and self-regulation of China’s FinTech industry, offering an in-depth analysis of the challenges the industry faces, and proposing corresponding recommendations to promote development.
Zhang Lina, Assistant Director of the Research Department of the National Internet Finance Association of China (NIFA), where she conducts in-depth study in Internet Finance and the application of emerging technologies in finance. Also she is an expert in International Standardization Organization. Prior to working for NIFA, she got a Ph.D. in economics and did post-doctoral research in finance, especially in monetary policy and Internet Finance. She has published monographs and more than a dozen articles in China’s core journals in economics.